Financial, geopolitical uncertainty to drive gold demand this year, says WGC

The interplay between market risk and economic growth is expected to drive gold demand in 2020, with a particular focus on financial uncertainty and lower interest rates, as well as a weakening in the global economic growth and gold’s price volatility, the World Gold Council (WGC) says. Owing to this, high risks and low rates remain on the horizon for the commodity, WGC notes, adding that many of the global dynamics seeded over the past few years will remain generally supportive for gold this year.